Mittal Steel funds Kellogg MBA scholarships

Paul Merrion

Mittal Steel Co. has established a $3 million scholarship program with Northwestern University's Kellogg School of Management, one month after deciding to locate its U.S. headquarters in Chicago.
Starting next fall, the global steel giant will fund 20 three-year scholarships for MBA students from emerging economies, including Africa, Asia, Central and Eastern Europe and South America. Students with a stated interest in those regions also are eligible.
This is the first corporate scholarship program with a focus on emerging economies at Kellogg, which in recent years has developed courses and a study-and-travel program aimed at fast-growing parts of the world, says Robert Korajczyk, senior associate dean. The business school also has an extracurricular emerging markets club for students who are from or interested in those countries.
Rotterdam-based Mittal also plans to offer internships to scholarship recipients and fund continuing education by employees in Kellogg's Executive Education Programs.
With revenues of $22.2 billion last year, Mittal has operations in 14 countries and a concentration in emerging markets such as Poland, Czech Republic, Romania, Bosnia, Macedonia, Kazakhstan, South Africa and Mexico. The company also recently acquired a large stake in a Chinese producer of steel wire and tubes.

Mittal Steel Co. has established a $3 million scholarship program with Northwestern University's Kellogg School of Management, one month after deciding to locate its U.S. headquarters in Chicago.

Starting next fall, the global steel giant will fund 20 three-year scholarships for MBA students from emerging economies, including Africa, Asia, Central and Eastern Europe and South America. Students with a stated interest in those regions also are eligible.

This is the first corporate scholarship program with a focus on emerging economies at Kellogg, which in recent years has developed courses and a study-and-travel program aimed at fast-growing parts of the world, says Robert Korajczyk, senior associate dean. The business school also has an extracurricular emerging markets club for students who are from or interested in those countries.

With revenues of $22.2 billion last year, Mittal has operations in 14 countries and a concentration in emerging markets such as Poland, Czech Republic, Romania, Bosnia, Macedonia, Kazakhstan, South Africa and Mexico. The company also recently acquired a large stake in a Chinese producer of steel wire and tubes.

Both Dipak Jain, Kellogg's dean, and Lakshmi Mittal, the London multi-billionaire who created the steel conglomerate and serves as its chairman and CEO, sit on the executive board of the Indian School of Business in Hyderabad, India, which was co-founded by Kellogg, the London School of Business and the Wharton School of the University of Pennsylvania.